OFF MARKET

8 Russet Road
Ringwood East VIC 3135

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 120m2
Land area: 764m2
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Property Details for 8 Russet Rd, Ringwood East

8 Russet Rd, Ringwood East is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 764m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Year Built
1980
Floor Size
120m2
Land Size
764m2
Local Government
Maroondah
Lot/Plan
63/LP17004

Last Listing description (July 2022)

If you are seeking something that has personality and a supremely central position, this rare 764sqm (approx.) land holding with an original home makes for a great potential as a renovation project, dream home or development site (STCA). The home itself comprises of 3 large bedrooms that share the main bathroom. An original kitchen is functional and has a nice outlook onto the green gardens outside. Sunlit and spacious, the huge living area will provide exceptional entertainment with the family. This truly is a blank canvas waiting to be reimagined and fully capitalised to its maximum potential. Outside, enjoy ample rear yard space to build a second dwelling (STCA) or build 2 side-by-side with the wide 21.3m (approx.) street frontage (STCA).

A premium position where you can simply leave the car at home and walk to Ringwood East shops & cafs, Ringwood East Station, Eastwood Primary, Tintern Grammar & Knaith Road Reserve. Furthermore, you're mere moments to Eastland, Aquinas College, Ringwood Secondary College, Ringwood Lake Park, Aquanation & Eastlink.

Property History for 8 Russet Rd, Ringwood East, VIC 3135

A timeline of how this property has performed in the market
Last Sold
$890,500
20 Jul 2022
  • 20 Jul 2022
    Sold for $890,500
  • 27 Jun 2022
    Listed for Sale $800,000-$860,000
  • 12 Apr 1996
    Sold for $112,000

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About Ringwood East 3135

The size of Ringwood East is approximately 4.7 square kilometres. It has 16 parks covering nearly 6.7% of total area. The population of Ringwood East in 2011 was 9,748 people. By 2016 the population was 10,285 showing a population growth of 5.5% in the area during that time. The predominant age group in Ringwood East is 30-39 years. Households in Ringwood East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood East work in a professional occupation. In 2011, 71.1% of the homes in Ringwood East were owner-occupied compared with 68.3% in 2016.

Ringwood East has 5,493 properties. Over the last 5 years, Houses in Ringwood East have seen a 19.43% increase in median value, while Units have seen a 13.74% increase. As at 31 October 2024:

  • The median value for Houses in Ringwood East is $1,020,554 while the median value for Units is $712,544.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 18 properties listed for sale, and 6 properties listed for rent in Ringwood east on OnTheHouse. According to CoreLogic's data, 215 properties were sold in the past 12 months in Ringwood east.

Suburb Insights for Ringwood East 3135

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.